The Trump administration’s overhaul of the federal government, carried out in large part by Elon Musk’s government efficiency team, has left tens of thousands in Washington without a job. That’s threatening a key economic engine of America’s capital city — consumer spending.
And with signs of strain already showing, economists at Moody’s say DC could slip into a recession as soon as this year.
Not to mention everything listed in their comment has been happening long before Obama took office.